1,524 Shares in Abercrombie & Fitch Co. (NYSE:ANF) Acquired by AXQ Capital LP

AXQ Capital LP bought a new stake in Abercrombie & Fitch Co. (NYSE:ANF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,524 shares of the apparel retailer’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Abercrombie & Fitch during the 4th quarter valued at $27,000. UMB Bank n.a. boosted its stake in shares of Abercrombie & Fitch by 92.2% during the fourth quarter. UMB Bank n.a. now owns 223 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 107 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Abercrombie & Fitch by 604.4% during the third quarter. Private Trust Co. NA now owns 317 shares of the apparel retailer’s stock worth $44,000 after purchasing an additional 272 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Abercrombie & Fitch by 56.2% in the fourth quarter. Fifth Third Bancorp now owns 367 shares of the apparel retailer’s stock valued at $55,000 after buying an additional 132 shares during the period. Finally, Parkside Financial Bank & Trust acquired a new stake in Abercrombie & Fitch during the 4th quarter worth approximately $69,000.

Analyst Upgrades and Downgrades

ANF has been the subject of several recent research reports. Telsey Advisory Group decreased their price target on shares of Abercrombie & Fitch from $190.00 to $125.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Morgan Stanley lowered their target price on Abercrombie & Fitch from $149.00 to $139.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 15th. Citigroup reduced their price target on Abercrombie & Fitch from $160.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. UBS Group lowered their price objective on Abercrombie & Fitch from $210.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Raymond James set a $110.00 target price on Abercrombie & Fitch in a report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.88.

Abercrombie & Fitch Price Performance

NYSE ANF opened at $79.13 on Tuesday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 7.83 and a beta of 1.45. The business has a 50 day simple moving average of $105.01 and a 200 day simple moving average of $131.01. Abercrombie & Fitch Co. has a one year low of $74.31 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last announced its quarterly earnings data on Wednesday, March 5th. The apparel retailer reported $3.57 EPS for the quarter, topping the consensus estimate of $3.48 by $0.09. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the firm posted $2.97 EPS. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Equities analysts expect that Abercrombie & Fitch Co. will post 10.62 earnings per share for the current year.

Abercrombie & Fitch declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 5th that authorizes the company to buyback $1.30 billion in outstanding shares. This buyback authorization authorizes the apparel retailer to reacquire up to 29.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.